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Amendment of section 80 (reconstructions or amalgamations of companies) of Principal Act.
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116.— Section 80 of the Principal Act is amended by substituting the following for subsection (1):
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“(1) (a) In this section—
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‘ acquiring company ’ means, subject to paragraph (b), a company with limited liability;
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‘ shares ’ includes stock and references to the undertaking of a target company include references to a part of the undertaking of a target company.
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(b) In respect of instruments executed on or after 1 June 2005, references to ‘ acquiring company’, ‘target company’ and ‘company’ shall be construed as including a reference to a society registered under the Industrial and Provident Societies Act 1893.”.
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